Nextdoor Holdings, Inc. (NYSE:KIND - Get Free Report) shares traded down 6.3% during mid-day trading on Thursday . The stock traded as low as $2.37 and last traded at $2.38. 1,913,413 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 1,656,659 shares. The stock had previously closed at $2.54.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group lifted their price target on shares of Nextdoor from $2.25 to $2.50 and gave the stock a "neutral" rating in a research note on Thursday, May 9th.
View Our Latest Research Report on KIND
Nextdoor Stock Performance
The business has a 50 day moving average price of $2.24 and a two-hundred day moving average price of $1.97. The company has a market cap of $915.21 million, a P/E ratio of -6.51 and a beta of 1.06.
Nextdoor (NYSE:KIND - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. The firm had revenue of $53.15 million for the quarter, compared to analyst estimates of $50.90 million. Nextdoor had a negative return on equity of 23.84% and a negative net margin of 64.19%. As a group, research analysts expect that Nextdoor Holdings, Inc. will post -0.24 EPS for the current year.
Hedge Funds Weigh In On Nextdoor
Several institutional investors and hedge funds have recently added to or reduced their stakes in KIND. Harbor Capital Advisors Inc. lifted its position in Nextdoor by 23.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,324 shares of the company's stock valued at $61,000 after acquiring an additional 6,034 shares during the period. Arizona State Retirement System lifted its holdings in shares of Nextdoor by 24.9% during the fourth quarter. Arizona State Retirement System now owns 39,612 shares of the company's stock valued at $75,000 after purchasing an additional 7,896 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Nextdoor by 28.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,779 shares of the company's stock worth $99,000 after purchasing an additional 9,689 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Nextdoor by 294.3% in the 1st quarter. Westside Investment Management Inc. now owns 15,408 shares of the company's stock worth $35,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Nextdoor in the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 35.66% of the company's stock.
Nextdoor Company Profile
(
Get Free Report)
Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.
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